AJ Park cleared to buy Baldwins

Thu, 03 Sep 2020

The Commerce Commission has cleared the merger of intellectual property firms AJ Park and Baldwins. The sale of Baldwins to AJ Park for $7.9 million brings them both under the ownership of ASX-listed IPH. The acquisition sum compares with AJ Park’s $66 million sale to IPH three years ago, although AJ Park had 18 partners and a third of the country’s patent attorneys at the time, versus the four partners at Baldwins.In a statement, Commerce Commission chair Anna Rawlings said the merger would not substantially reduce compet...

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